MphasiS Net Profit Climbs 16%

By

Dhanya Ann Thoppil , And

Romit Guha

Nov. 23, 2010 7:01 a.m. ET

MUMBAI – MphasiS Ltd. Tuesday beat expectations with a 16% rise in net profit for the August-October period, although the Indian software services company expects its operating margin for the year ending October 31, 2011 to be under pressure.

Net profit for the three months through October rose due to an increase in other income even as the...